“Tencent shares in Hong Kong surged over 5 percent Thursday after reporting earnings that topped analyst expectations” writes Arjun Kharpal for cnbc.com. At the open, Tencent shares were at 424 Hong Kong dollars, but pared some of those gains.The Chinese technology giant saw its market capitalization, or value, rise over $22 billion as shares traded at 416.4 Hong Kong dollars ($53) during afternoon trade. Still, shares of the company are still over 12 percent lower from the record high hit in January.